Retail Intelligence Mini Report: Oil Mar-25

Market Trends: A cross country price analysis reveals that the average price of oil across the ten countries analyzed is USD 24.71. Japan exhibits the highest average price at USD 98.16, almost five times higher than the average, significantly exceeding all other nations. The primary reason for this high price is that Japan has a large packaging size compared to other countries combined with a high cost per unit. In contrast, Australia has the lowest average price at USD 5.94. Contrary to Japan, Australia has one of the smallest packaging sizes and cost per unit, hence the low average price per product.

Noteworthy Products: In the US, South Chicago Packing Wagyu Beef Tallow Spray 7 fl oz is the only sprayable Wagyu beef tallow on the market. Offering a rich, savory flavor and a high smoke point, it provides a convenient alternative to seed and vegetable oils.

Industry News: The UK-based extra virgin olive oil company Citizens of Soil has successfully raised USD 2.33 million in seed funding. The investment round was co-led by FIGR Ventures and a private family office, with participation from additional strategic investors. Citizens of Soil operates as a direct-to-consumer brand, offering high-quality extra virgin olive oils sourced from producers committed to regenerative farming practices. The company places a strong emphasis on supporting underrepresented female farmers and promoting sustainability. By partnering with small-batch groves that cultivate olives in an environmentally responsible manner, it aims to create a more ethical and transparent supply chain.